$32 million apartment property sale in Northern Nevada facilitated by Marcus & Millichap
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Keyway Apartments, a 230-unit apartment asset in Sparks, Nevada. The property...
Parkview Financial provides $100 million loan for redevelopment of Harrah’s Reno Hotel and Casino...
Parkview Financial announced it has provided a $100 million loan to Reno City Center, LLC, an affiliate of Las Vegas-based CAI Investments, for the renovation and redevelopment of Harrah’s Reno Hotel and Casino to...
$38.325 million Uptown Phoenix multifamily asset sale completed by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Seventh, a 286-unit multifamily asset in Phoenix, Arizona. The $38.325 million sales price represents $134,003 per unit and $250 per...
Multifamily expert, Bret Zinn joins Kidder Mathews’ Phoenix, Ariz. office
Bret Zinn has joined Kidder Mathews’ Phoenix office as a vice president, where he will partner with Karl Abert, expanding the firm’s multifamily investment services in Arizona. Zinn has been in the commercial real estate...
Next Wave expands Las Vegas footprint with acquisition of 216-unit multifamily community
Next Wave Investors, LLC (“Next Wave”) a private equity firm focused on value-add multifamily investments, has acquired Spanish Oaks, a 216-unit garden style multifamily community in Las Vegas, Nevada for $28.075 million. Through existing broker...
Luxury multifamily property sale completed by Institutional Property Advisors in Greater Salt Lake City
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Axio 8400, a 332-unit multifamily asset located 13 miles from Downtown Salt Lake City in Sandy, Utah. “The Greater Salt Lake...
Institutional Property Advisors completes $56.4 million apartment asset sale in the Southeast Valley of...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Indigo Springs, a 240-unit multifamily asset in Mesa, Arizona. The property sold for $56.4 million, or $235,000 per unit. “The Southeast...
Institutional Property Advisors arranges South Salt Lake multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of ViA, a 138-unit midrise apartment building in South Salt Lake, Utah. “ViA Apartments is a high-quality, transit-oriented multifamily asset that gives...
Westmount Realty Capital acquires garden-style multifamily community in Arizona
Westmount Realty Capital announced the acquisition of Tides at Downtown Tempe, a two-story, garden-style apartment community located at 615 S. Hardy Dr. in fast-growing Tempe. The 227-unit multifamily community consists of one-, two- and...
Gelt, Inc. acquires 352-unit apartment community for $100.5 million in Denver submarket
Gelt, Inc., is pleased to announce it has acquired Regatta Apartments, a 93 percent-leased, 352-unit multifamily community located at 10500 Irma Drive in Northglenn, CO, for $100.5 million. This substantial buy marks the Los...
Institutional Property Advisors brokers $46.75 million multifamily sale in Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Grove Deer Valley, a 208-unit apartment asset in Phoenix, Arizona. The property sold for $46.75 million, which equates to...
The Praedium Group acquires transit-oriented Gateway Arvada Ridge in Arvada, Colorado
The Praedium Group, a New York-based national real estate investment firm, announced the acquisition of Gateway Arvada Ridge in the Arvada submarket of the Denver MSA. Lindsay Schuckman, Vice President of The Praedium Group,...
ABI Multifamily brokers 240-unit Tempe apartment community for $42.75 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $42.75 million / $178,125 Per Unit / $231.39 Per SF sale of Sanctuary on Broadway,...
ABI Multifamily brokers 160-unit Northwest Phoenix apartment community for $24.25 million
ABI Multifamily—the leading multifamily brokerage and advisory services firm in the Western US—is pleased to announce the $24.25 million / $151,563 Per Unit / $204.66 per square foot sale of Pointe Vista Apartments, a...
Next Wave acquires newly built luxury community in Phoenix for $25.5 million
Next Wave Investors, LLC (“Next Wave”) a private equity firm focused on value-add multifamily investments, acquired The Grove on Glendale, a new 56-unit luxury townhome community in North Central Phoenix, Arizona for $25.5 million...